About 50 years ago, Art Laffer drew a convex curve on a napkin to illustrate the power of tax cuts to two senior officials from the Ford administration named Donald Rumsfeld and Dick Cheney.

About 50 years ago Art Laffer drew a convex curve on a napkin to illustrate the power of tax cuts to two senior officials from the Ford administration named Donald Rumsfeld and Dick Cheney.

Congratulations are in order for economist Arthur Laffer, who is due in October to be fêted by the Committee to Unleash Prosperity in respect of the jubilee of his famous formula. In 1974, a curve, ...

We may receive a commission on purchases made from links. "You can explain it to a congressman in six minutes, and he can talk about it for six months," Hal Varian, an economist, once noted of the tax ...

At a legendary 1974 Washington dinner, economist Arthur Laffer supposedly sketched his famous curve on a napkin, demonstrating how excessive taxation could reduce government revenue. Now researchers ...

Every museum curator searches for that incredible iconic object, a fabulous artifact that is both physically interesting and represents a great moment in American history. Sadly, such artifacts rarely ...